Shares of Viavi Solutions Inc. are up 5.7% in Friday morning trading after the company posted sizable revenue and earnings beats the prior afternoon. The stock is on pace for its biggest gain in three months. Several analysts cheered the results, including Michael Genovese of MKM Partners, who raised his price target to $13 form $12. "The organic NE business is improving driven by a strong capex environment, and the acquisition significantly increases exposure to 5G," he wrote, referring to the company's purchase of Cobham's AvComm and wireless test businesses, which closed during the quarter. He has a buy rating on the stock. William Blair's Dmitry Netis also reiterated his optimism, writing that the company " is in the early innings of benefiting from two macro catalysts-3-D sensing and 5G-both of which expand its TAM and represent significant growth opportunities." Viavi shares are down 7.9% over the past 12 months, while the S&P 500 has gained 10%.